Tag: blockchain security

Revolutionize Blockchain Security with Movement Labs’ $38 Million Fundraiser

In a record Series A financing, Polychain Capital invested $38 million in Movement Labs to improve blockchain security and scalability. Developer tools and educational activities funded by Movement Labs foster creativity and blockchain competence. The Movement L2 testnet propelled Ethereum Virtual Machines based on the Move protocol toward mainstream adoption. Rushi Manche and Cooper Scanlon, the 21- and 24-year-old co-founders of Movement Labs, have raised an astounding $38 million in Series...

Animoca Brands teams up with Blockpass for enhanced web3 security

Animoca Brands has partnered with Blockpass in a strategic move that will redefine the standards of Web3 security and compliance. Blockpass brings...

Vitalik Buterin Proposes a Quantum-Resistant Hard Fork for Ethereum

Buterin's proposal is detailed and multifaceted, aimed at transitioning Ethereum to a quantum-resistant state through a series of technical innovations and community. Vitalik...

From Polygon to Avalanche: Sports Illustrated Tickets’ Bold Move in NFT Ticketing

Sports Illustrated aims to harness the power of nonfungible tokens (NFTs) through the Avalanche blockchain.   Avalanche Blockchain acquired a stake in Sports...

US Court Finalizes Binance Case

The U.S. Court ordered the top crypto exchange to pay $2.7 billion and Changpeng Zhao to pay $150 million to the Commodity Futures...

Aurory: The Aftermath of a Web3 Hack

On December 17, Solana-based gaming ecosystems Aurory experienced a web3 hack, resulting in a drop of nearly 80% in the liquidity of the...

HTX Exchange Gradually Restores Services, Bitcoin Transactions Now Operational

The HTX crypto exchange, previously Huobi, has restored Bitcoin deposits and withdrawals after a $30 million exploit on November 22. Linked to HTX,...

Justin Sun’s Crypto Empire Under Siege: HTX and Heco Chain Suffer $115 Million Hack”

HTX crypto exchange and blockchain protocol, Heco Chain, experienced another crypto hack, further damaging the organization's reputation. The first attack occurred on September...

Breaking New Ground: Humanity Protocol Welcomes Over 10,000 Newcomers to the Web3 World

Since 2019, the Humanity Protocol has strived to make its mark on the industry.  The Humanity Protocol also engaged TheExchange to create the...

Cybersecurity Breach Shakes Kronos Research: $25 Million Crypto Loss Revealed

A hacker exploited compromised API keys at Kronos Research, a quantitative trading firm, making off with a substantial $25 million in crypto assets. ...

Bitcoin Lightning Network’s Achilles’ Heel: The Replacement Cycling Attack

The replacement cycling attack, a titan among blockchain attacks, is a vulnerability threatening the foundation of the Bitcoin Lightning Network. Bitcoin Lighting network...

KYC to KYW: Evolution of AML Security in the Crypto Ecosystem

KYC systems are a security feature specifically designed to counteract money laundering. A Know-Your-Business(KYB) system generally obtains comprehensive information about business partners...

Empowering Africa through the Humanity Protocol: The Promise of Community Staking

The essence of the Humanity Protocol is the transformative power of community staking. Community staking involves a collective of individuals who pool their...

Ethereum 2.0 shows signs of increased centralization

Lido, a popular POS platform, has recently overhauled its staking activities by adding more node operators. Although Peercoin first implemented the POS...

Upbit Exchange suffers over 159k attacks in the first half of 2023

In 2021, Upbit Exchange accounted for more than 9% of the global trading volume, ranking among the top five regions trading Bitcoin. ...

Mixin Network causes the crypto industry a $200m loss

On the 25th of September, 2023, Mixin Network temporarily suspended all deposits and withdrawal services. Several perpetrators breached its blockchain security and...